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Underwater: The Baltic Dry Index plunges to a new all time low

As dry bulk shipping woes continue to mount the Baltic Dry Index (BDI) hit an all time low on Thursday.

Marcus Hand, Editor

November 19, 2015

1 Min Read
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The BDI dropped 15 points on Thursday to close at 504 points, five points below its previous all time low of 509 points in February this year.

The BDI has been hit by a slowdown in Chinese demand for iron ore and coal, combined with reduced vessel scrapping in the second half of the year which had resulted in a dead cat bounce between May and early August with the index hitting 1,222 points.

The new all time low will be depressing news for owners and operators already struggling to keep their heads above water, after a peak in late 2014 promised rebound in 2015, that failed spectacularly to deliver.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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